NEVEQ successfully exits its investment in FinAnalytica, acclaimed provider of market risk analytics
NEVEQ I, one of the pioneers in technology VC funding in Eastern Europe, has announced the sale of FinAnalytica to BISAM, a leading provider of solutions for performance, attribution, compliance and reporting. NEVEQ I concluded its first investment in FinAnalytica in 2008.
FinAnalytica developed the Cognity platform, a unique, comprehensive, multi-asset class solution for market risk, portfolio construction and investment decision-making analytics. The company has been awarded six U.S. patents for its risk methodologies and calculations, and supports over 70 globally distinguished investment institutions. FinAnalytica was voted the Best Market Risk Solution Provider by Waters Technology in 2010, 2012 and 2015.
“NEVEQ’s backing of FinAnalytica, particularly in years marked by a global financial crisis, supported us in our growth as a recognized, differentiated player in the field which ultimately led to our merging with BISAM", said Boryana Racheva-Iotova, co-founder and President of FinAnalytica.
About NEVEQ Capital Partners
NEVEQ Capital Partners is a venture capital fund manager with a decade of track record, and two funds under management with capital of over EUR 46 million. Based in Bulgaria, its portfolio companies deliver products and services to customers worldwide. Investors in NEVEQ I and NEVEQ II funds include institutions such as EBRD and EU JEREMIE Initiative*, high-net-worth individuals and family offices, with significant emerging markets investment track record. NEVEQ Capital Partners management team has over 50 years of investment experience and has successfully exited five companies.
*The financing provided hereunder by the Joint European Resources for Micro to Medium Enterprises (JEREMIE) Initiative is implemented through the Operational Programme “Development of the competitiveness of the Bulgarian economy” 2007-2013, co-financed by the European Regional Development Fund and the state budget.